Capital expenditure represents funds invested in acquiring, upgrading and constructing fixed assets. A fixed asset is a resource the University controls and from which we can expect to derive future economic benefit for more than one year. Expenditure for any other purpose is revenue.
Procurement services have responsibility for developing the LJMU procurement strategy, financial regulations, i-buy and supporting LJMU schools and service teams to achieve value for money and best practice in obtaining goods and services.
VAT on Income
VAT on Purchases
JMU Services Limited
LJMU has an account with Barclaycard for Procurement Cards. These cards are for low value, ad hoc purchases.
Guidance for Staff summoned to Jury Service
The University has checks in place to ensure that all contractors who provide services to us should not in fact be treated as if they were an employee and have PAYE and National Insurance withheld on payments made to them.
When you join LJMU with a contract of more than three months, you will be contractually enrolled into either the Local Government Pension Scheme (Merseyside Pension Fund) or the Teachers Pension Scheme, dependent on your contract of employment.
A P60 is issued to employees at the end of a tax year. The tax year runs from 6 April to 5 April the following year.